Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Tag "oil price"

Week in review: ‘Naira 4 Dollar’ & oil in focus

    Week in review: ‘Naira 4 Dollar’ & oil in focus

It was a week defined by fluctuating bond yields, easing inflation fears, monetary bazookas, and US stimulus hopes. For Nigeria, the spotlight was on the ‘Naira 4 Dollar’ scheme introduced

0 comment Read Full Article

Oil prices slip nearly 2% as new virus strain dashes recovery hopes

    Oil prices slip nearly 2% as new virus strain dashes recovery hopes

Oil prices dropped nearly 2 percent on Tuesday as a new strain of the novel coronavirus in the United Kingdom (UK) triggered concerns over fuel demand recovery. Brent crude was

0 comment Read Full Article

Oil prices surge above $50 as US stockpiles shrink

    Oil prices surge above $50 as US stockpiles shrink

Oil prices extend its gains Thursday morning to a nine-month high at $51.06 after United States (US) crude stockpiles declined more than expected and lawmakers edged closer toward a new

0 comment Read Full Article

Oil prices inch towards $50 on new OPEC+ agreement

    Oil prices inch towards $50 on new OPEC+ agreement

Oil prices touched their highest level since March on Friday, a day after major producers agreed to ease their oil output cuts next year more gradually than previously planned —

0 comment Read Full Article

Buhari: Coronavirus is affecting our oil revenue

  Buhari: Coronavirus is affecting our oil revenue

President Muhammadu Buhari says the outbreak of coronavirus is affecting the country’s source of revenue. A statement by Garba Shehu,

0 comment Read Full Article

Oil prices hit one-year low as WTI loses $2 in 30 minutes

  Oil prices hit one-year low as WTI loses $2 in 30 minutes

Oil prices hit its lowest point since December 2017 on Tuesday, following anticipated oversupply in the global crude oil market. 

0 comment Read Full Article

Oil hits $43 as PMS subsidy rises to N9.09/litre

  Oil hits $43 as PMS subsidy rises to N9.09/litre

Oil reached a 2016 high of $43 per barrel on Tuesday, as latest pricing template released by the Petroleum Products

0 comment Read Full Article

Falling crude oil prices ‘worse than Ebola’

  Falling crude oil prices ‘worse than Ebola’

Decline in oil prices has affected Africa more than Ebola if both situations were to be judged on purely economic

0 comment Read Full Article
error: Content is protected from copying.